Hr Block Stock Market Value
| HRB Stock | USD 59.28 0.05 0.08% |
| Symbol | HRB |
HR Block Price To Book Ratio
Is Diversified Consumer Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of HR Block. If investors know HRB will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about HR Block listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.08) | Dividend Share 1.335 | Earnings Share 4.02 | Revenue Per Share 25.832 | Quarterly Revenue Growth 0.054 |
The market value of HR Block is measured differently than its book value, which is the value of HRB that is recorded on the company's balance sheet. Investors also form their own opinion of HR Block's value that differs from its market value or its book value, called intrinsic value, which is HR Block's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because HR Block's market value can be influenced by many factors that don't directly affect HR Block's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between HR Block's value and its price as these two are different measures arrived at by different means. Investors typically determine if HR Block is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HR Block's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
HR Block 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to HR Block's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of HR Block.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in HR Block on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding HR Block or generate 0.0% return on investment in HR Block over 30 days. HR Block is related to or competes with Hyatt Hotels, Biglari Holdings, Smart Share, Sweetgreen, Wyndham Hotels, WW International, and DraftKings. HR Block, Inc., through its subsidiaries, provides assisted income tax return preparation and do-it-yourself tax return ... More
HR Block Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure HR Block's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess HR Block upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 11.7 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 2.14 |
HR Block Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HR Block's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HR Block's standard deviation. In reality, there are many statistical measures that can use HR Block historical prices to predict the future HR Block's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.14) |
HR Block Backtested Returns
HR Block retains Efficiency (Sharpe Ratio) of -0.0409, which attests that the entity had a -0.0409% return per unit of price deviation over the last 3 months. HR Block exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HR Block's Coefficient Of Variation of (1,830), market risk adjusted performance of (0.13), and Information Ratio of (0.14) to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.72, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, HR Block's returns are expected to increase less than the market. However, during the bear market, the loss of holding HR Block is expected to be smaller as well. At this point, HR Block has a negative expected return of -0.0709%. Please make sure to check out HR Block's potential upside, day median price, and the relationship between the treynor ratio and accumulation distribution , to decide if HR Block performance from the past will be repeated sooner or later.
Auto-correlation | -0.42 |
Modest reverse predictability
HR Block has modest reverse predictability. Overlapping area represents the amount of predictability between HR Block time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of HR Block price movement. The serial correlation of -0.42 indicates that just about 42.0% of current HR Block price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 2.37 |
HR Block lagged returns against current returns
Autocorrelation, which is HR Block stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting HR Block's stock expected returns. We can calculate the autocorrelation of HR Block returns to help us make a trade decision. For example, suppose you find that HR Block has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
HR Block regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If HR Block stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HR Block stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HR Block stock over time.
Current vs Lagged Prices |
| Timeline |
HR Block Lagged Returns
When evaluating HR Block's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HR Block stock have on its future price. HR Block autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, HR Block autocorrelation shows the relationship between HR Block stock current value and its past values and can show if there is a momentum factor associated with investing in HR Block.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether HR Block offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of HR Block's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hr Block Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hr Block Stock:Check out HR Block Correlation, HR Block Volatility and HR Block Alpha and Beta module to complement your research on HR Block. For information on how to trade HRB Stock refer to our How to Trade HRB Stock guide.You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
HR Block technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.